Eco-nomics: What Everyone Should Know About Economics and the Environment
According to Richard Stroup, the protection of the environment can be safely left to the operation of capital markets and “shareholder power.”
According to Richard Stroup, the protection of the environment can be safely left to the operation of capital markets and “shareholder power.”
Anthony M. Friend on Ecological Economics—a new synthesis in which the traditional virtue of thrift is justified using modern ideas from systems theory and thermodynamics.
This paper addresses problems related to transferring market concepts to non-market domains.
This essay explores three case studies that illustrate the exemplary use of economic analysis in environmental decision-making.
In his article, Edmundo Claro argues that in-kind compensation is more acceptable than monetary payments or no compensation because people tend to understand siting conflicts more as matters of justice rather than as matters of freedom or care.
The paper argues that ecological services are either too “lumpy” to price in incremental units (for example, climatic systems), priced competitively, or too cheap to meter. The paper considers counter-examples and objections.
In State of the World 2013: Is Sustainability Still Possible?, scientists, policy experts, and thought leaders attempt to restore the meaning to sustainability as more than just a marketing tool.
The Ecology of Commerce outlines the environmentally destructive aspects of many current business practices, and offers the vision of businesses adopting new practices to promote environmental restoration.
Matthew MacLellan argues that Garrett Hardin’s primary object of critique in his influential “The Tragedy of the Commons” is not the commons or shared property at all—as is almost universally assumed by Hardin’s critics—but is rather Adam Smith’s theory of markets and its viability for protecting scarce resources.
In this Special Section on the Green Economy in the South, Brett Sylvester Matulis considers Costa Rica’s national “payments for ecosystems services” (PES) programme. He explores World Bank / Costa Rica relations and market-oriented interventions to the financing of ecosystem service payments and explains that (despite inherent contradictions inhibiting market formation) neoliberal actors within the state can still implement mechanisms designed to approximate markets.